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Irreversible Investment, Capacity Choice, and the Value of the Firm

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NBER1986-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w1980
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A model of capacity choice and utilization is developed consistent with value maximization when investment is irreversible and future demand is uncertain. Investment requires the full value of a marginal unit of capacity to be at least as large as its full cost. The former includes the value of the
提供机构:
美国国家经济研究局
创建时间:
1986-07-01
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